Indian equity benchmarks are set to open lower, as indicated by Nifty futures traded on the Singapore Stock Exchange. Nifty futures on the Singapore Stock Exchange, also known as SGX Nifty futures, fell 0.2 percent or 33 points to 17,529. Meanwhile, stocks found support and US futures rose with relief on Wednesday after faltering developer China Evergrande said it would pay off some interest on bonds due Thursday, dispelling fears of an imminent and disorderly collapse that had spooked. to investors. Markets in Taiwan and China reopened lower after a two-day hiatus, catching up with a strong sell-off around the world triggered by concerns about the Evergrande situation, but were soon cutting losses as the promise payment cheered the mood.
MSCI's broader Asia-Pacific stock index outside of Japan was 0.3% lower as of mid-morning. Japan's Nikkei fell 0.6 percent, while Australian shares rose 0.7 percent. Hong Kong markets were closed for the holidays.
Overnight, global stock markets stabilized on Tuesday and oil prices regained ground a day after the strong sale of risk assets as investors assessed the level of contagion stemming from developer distress China. Evergrande and awaited the central bank meetings.
On Wall Street, the Dow Jones Industrial Average fell 50.63 points, or 0.15%, to 33,919.84, the S&P 500 lost 3.54 points, or 0.08%, to 4,354.19 and the Nasdaq Composite added 32.50 points, or 0.22%, to 14,746.40. .
At home, foreign institutional investors bought shares worth Rs 1,042 million on Tuesday in Indian markets, while domestic institutional investors bought shares worth Rs 2,168 million.
Torrent Power will be in the limelight after the company said it has acquired 100 percent of the shares of Surya Vidyut Limited for an enterprise value of Rs 790 crore.
Mphasis will be on investors' radar after the company said it has acquired Blink Interactive, a US-based (Seattle) corporation that provides design consulting services around user experience (UX), the design and strategy of software products based on user research and customer experience (CX) design for marquee brands.
